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Fewer people signed contracts to buy US homes in March

Matt Ott, Associated Press  |  Posted   Apr 27th - 8:53am

Fewer consumers signed contracts to buy U.S. homes last month as the spring buying season revs up with stiff competition for homes amid lagging inventory.

2 workers injured at Facebook building construction site

The Associated Press  |  Posted   Apr 27th - 8:53am

Authorities say work has halted at a Facebook building under construction in California after an equipment failure caused part of the structure to collapse, injuring two workers.

Grain mostly lower, livestock higher

The Associated Press  |  Posted   Apr 27th - 8:40am

Grain futures were mostly lower Thursday in early trading on the Chicago Board of Trade.

Why Trump tax cut may not deliver the boost White House says

Christopher S. Rugaber, Associated Press  |  Posted   Apr 27th - 8:34am

President Donald Trump's team boasted Wednesday that its tax-cut plan would lighten Americans' financial burdens, ignite economic growth and vastly simplify tax filing.

UPDATED

House panel seeks charges for company in Clinton email case

Eric Tucker, Associated Press  |  Posted   Apr 27th - 8:34am

A congressional committee on Thursday asked the Justice Department to consider criminally prosecuting a technology services company that was involved in maintaining a private email server for Hillary Clinton.

Senior Vietnamese Communist Party official faces punishment

The Associated Press  |  Posted   Apr 27th - 8:25am

A high-ranking Vietnamese Communist Party official faces punishment for wrongdoing when he was head of the country's oil and gas monopoly, PetroVietnam.

Ford 1Q profit down on recalls, lower sales, but tops Street

The Associated Press  |  Posted   Apr 27th - 8:16am

Ford Motor Co.'s net income fell 35 percent to $1.6 billion in the first quarter as it was hit by costly recalls, lower sales and rising prices for steel and other materials.

European Central Bank says economy is 'increasingly solid'

David McHugh, Associated Press  |  Posted   Apr 27th - 8:16am

The European Central Bank kept its stimulus program and interest rates unchanged Thursday even though it conceded that the economy of the 19-country eurozone is becoming stronger.

United to offer bumped flyers up to $10,000 after video flap

David Koenig, Associated Press  |  Posted   Apr 27th - 8:16am

United Airlines says it will raise the limit — to $10,000 — on payments to customers who give up seats on oversold flights and will increase training for employees as it deals with fallout from the video of a passenger being violently dragged from his seat.

UPDATED

Trump tax plan leaves Congress, Ryan with heavy lift

Stephen Ohlemacher and Josh Boak, Associated Press  |  Posted   Apr 27th - 8:16am

President Donald Trump's tax plan leaves much of the heavy lifting to Congress, while ignoring years of hard work by the guy who will have to do a lot of that lifting: House Speaker Paul Ryan.

Escalator steps buckle at WTC transportation hub, 2 hurt

The Associated Press  |  Posted   Apr 27th - 7:57am

An escalator malfunctioned at New York's World Trade Center Transportation Hub and officials say two men sustained minor injuries.

EU members stress unity heading into Brexit talks

Raf Casert, Associated Press  |  Posted   Apr 27th - 7:46am

The 27 European Union nations are heading into two years of divorce negotiations with Britain as a solid bloc, saying Thursday there is a large consensus on the tough guidelines for their Brexit negotiators which are to be approved at a weekend summit.

Markets subdued in the wake of Trump's tax plans

The Associated Press  |  Posted   Apr 27th - 7:44am

Global stocks were subdued Thursday as investors assessed the scant details of President Donald Trump's U.S. tax overhaul. The Bank of Japan and European Central Bank kept their policies on hold as expected, though the euro took a modest hit when ECB President Mario Draghi said he wasn't confident that inflation across the 19-country eurozone was heading toward target.

After Whirlpool battle, Le Pen and Macron clash over fish

John Leicester, Associated Press  |  Posted   Apr 27th - 7:44am

After "the battle of Whirlpool," when Marine Le Pen and Emmanuel Macron both went hunting for France's blue-collar vote at a threatened home appliance factory, the presidential candidates clashed over fish in a return to more traditional campaigning on Thursday.

American Airlines tops 1Q profit views; unveils pay boost

The Associated Press  |  Posted   Apr 27th - 7:40am

American Airlines said its first-quarter earnings fell 67 percent as higher costs, including labor and fuel, offset a positive trend in airfares.

US unemployment claims tick up but remain at low level

Paul Wiseman, Associated Press  |  Posted   Apr 27th - 7:23am

More Americans filed for unemployment benefits last week, but applications remained at a low level that suggests most workers enjoy job security.

US durable goods advance modest 0.7 percent in March

Martin Crutsinger, Associated Press  |  Posted   Apr 27th - 7:23am

Orders for long-lasting manufactured goods posted only a modest gain in March as a key category that tracks business investment plans remained weak.

Union Pacific railroad's 1Q profit chugs ahead 9 percent

Josh Funk, Associated Press  |  Posted   Apr 27th - 7:12am

Union Pacific's first-quarter profit climbed 9 percent as the railroad hauled 2 percent more freight, increased prices and worked to control costs.

Theme parks: Comcast's under-the-radar growth driver

Tali Arbel, Associated Press  |  Posted   Apr 27th - 7:02am

One of Comcast's fastest-growing businesses hasn't been selling cable or internet subscriptions — or making movies and TV shows, or selling TV ads. It's been theme parks.

UPS tops Street 1Q forecasts

The Associated Press  |  Posted   Apr 27th - 7:00am

United Parcel Service Inc. is reporting first-quarter net income of $1.16 billion.